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economy. those are big military towns. he wants to talk about infrastructure in what he talks about in the state of the union address. note that most of these markets are about military presence, so he wants potential questions about furloughs. white house is calling it a fix it first policy. the president will also revise his call for a private partnership to attract financing. third part of the plan calls for cutting red tape to get permits. >> if we upgrade our infrastructure, that'll bring even more jobs, and that's the attitude of a lot of companies all around the world. and i know you want these job-creating projects in your districts. i've seen those ribbon cuttings. all of this is designed to turn up the pressure on republicans by pushing budget consequences into share backyards. >> border patrol agents will see their hours reduced. fbi agents will be furloughed. federal prosecutors will have to close cases and let criminals go. air traffic controllers and airport security will see cut
economy. those are big military towns. he wants to talk about infrastructure in what he talks about in the state of the union address. note that most of these markets are about military presence, so he wants potential questions about furloughs. white house is calling it a fix it first policy. the president will also revise his call for a private partnership to attract financing. third part of the plan calls for cutting red tape to get permits. >> if we upgrade our infrastructure, that'll...
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Feb 21, 2013
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lotteries are part of the state economies and people are doing everything online now. heck, you do it in the middle of the show or on commercial break. i think it hurts businesses and it may hurt casinos if atlantic city and new jersey. people should be able to do whatever they want in their own home. the worry i have is people will start doing this and they will get in big trouble because it may be easier in their home and the states rely on the revenue to keep spending. that is not the way to do it. new york is relying on people to light up and smoke because of the cigarette taxes. not the best way to go about it. >> bob: dana, you are at the track every day betting. >> dana: i am a big gambler. i don't know how you hide it online for the states. there are no boundaries on the state. i'm sure they figure that out. in some ways the legislators need to be for what is going to happen. online gambling is here to stay, so they might as well hop aboard a train. >> greg: i gamble with my day. in the old days you went to vegas, saw show, saw glamour and hired something now.
lotteries are part of the state economies and people are doing everything online now. heck, you do it in the middle of the show or on commercial break. i think it hurts businesses and it may hurt casinos if atlantic city and new jersey. people should be able to do whatever they want in their own home. the worry i have is people will start doing this and they will get in big trouble because it may be easier in their home and the states rely on the revenue to keep spending. that is not the way to...
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Feb 19, 2013
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they will hurt our economy. they will add hundreds of thousands of americans to the unemployment rolls. this is not an abstraction. people will lose their jobs. the unemployment rate might tick up again. >> that was president obama speaking moments ago, putting the pressure on congress to avert the sequester. budget cuts which are set to take effect in just a matter of days, coming up on march the 1st. the first round. senate minority leader mitch mcconnoll saying president obama still prefers campaign events to common sense bipartisan action. the president made those short remarks moments ago and once again using the bully pulpit to call for action surrounding himself by first responders and his remarks on the same day of a political report, "obama, the puppet master." it's great to have all three of you here with me this morning. quoting from this politico article. the balance of power used used to be much more in the favor of the mainstream press. saying nowadays he said the white house gets away with stuff i
they will hurt our economy. they will add hundreds of thousands of americans to the unemployment rolls. this is not an abstraction. people will lose their jobs. the unemployment rate might tick up again. >> that was president obama speaking moments ago, putting the pressure on congress to avert the sequester. budget cuts which are set to take effect in just a matter of days, coming up on march the 1st. the first round. senate minority leader mitch mcconnoll saying president obama still...
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Feb 20, 2013
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continued his plea to the public and to congress saying that this is going to be devastating for the economy, he wants congress to act and it comes one day after a bipartisan commission released a new plan that would detail $2.4 trillion cuts over 12 years. mara? >> thank you. >>> we'll have more on those budget cuts and other political stories later in the show. >>> he was being considered for a big show, but now general john allen has announced that he's retired. he completed 19 months as top commander in afghanistan, instead of taking the new job, he'll retire to help his wife deal with health issues. here's your "first look" at the dish of scrambled politics americans still don't like congress very much. 15% approve of the job that the lawmakers are doing, up one point from last month. >>> deanny hoyer said that the 2016 presidential race is easy to predict, if hillary clinton decides to win, she'll clear the field. >>> tea party group has apologized for sending out a e-mail that was photo shopped to make karl rove look like a nazi to help raise funds. >>> choosing candy crowley to moder
continued his plea to the public and to congress saying that this is going to be devastating for the economy, he wants congress to act and it comes one day after a bipartisan commission released a new plan that would detail $2.4 trillion cuts over 12 years. mara? >> thank you. >>> we'll have more on those budget cuts and other political stories later in the show. >>> he was being considered for a big show, but now general john allen has announced that he's retired. he...
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Feb 20, 2013
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spending at a time when the economy is already too weak as far as i'm concerned. so this is exactly the opposite of what we ought to be doing. >> ezra there is a new simpson-bowles plan out today, of sorts. you talked to erskine bowles today, what is their approach? >> it is really striking, the simpson-bowles one had more tax increases than president obama ever called for. if you did it now, jared's organize has done great work showing it. if you put it into place now we would raise taxes, not by $650 billion as we did in the fiscal cliff deal. we would raise it by 2 trillion, the new simpson-bowles plan because that is sort of off the table, they cut the tax to $1.3 trillion, so it went way, way to the far right on taxes, to be fair that is where president obama is currently is. but to be fair while they say they split the taxes between president obama and john boehner, they actually increased what boehner was asking for. in the final element of the fiscal deal boehner asked for including savings in interest, 1.2, the new simpson-bowles includes $1.7 in spending
spending at a time when the economy is already too weak as far as i'm concerned. so this is exactly the opposite of what we ought to be doing. >> ezra there is a new simpson-bowles plan out today, of sorts. you talked to erskine bowles today, what is their approach? >> it is really striking, the simpson-bowles one had more tax increases than president obama ever called for. if you did it now, jared's organize has done great work showing it. if you put it into place now we would...
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Feb 19, 2013
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economists say the rapid increase poses a threat to our fragile economy. joining me now oil industry analyst cnbc contributor john killbuck, thanks for joining me. >> good to be here. >> i heard it's be the blend. we're getting ready to switch to the summer blend and this is why. is that a legitimate reason here? >> you know, normally in past years it would. there's a certain time of year where that's happening. but what's really happening here, the refining industry is doing what the airline industry is doing and that's reducing capacity really massively. we lost over a million barrels of refining capacity just to shutdowns over the last year now. >> why would they voluntarily do these shutdowns? >> believe it or not, they weren't making enough money for themselves and they decided to get out of the business. i'm fearful normally i can tell you why, it has to deal with cutbacks by opec. war issues. this time, it may be different. this time we may not see the price break in coming months that i'd expect to happen because of demand at the pump. with the ref
economists say the rapid increase poses a threat to our fragile economy. joining me now oil industry analyst cnbc contributor john killbuck, thanks for joining me. >> good to be here. >> i heard it's be the blend. we're getting ready to switch to the summer blend and this is why. is that a legitimate reason here? >> you know, normally in past years it would. there's a certain time of year where that's happening. but what's really happening here, the refining industry is doing...
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Feb 19, 2013
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analysts say the reasons are many, china is demanding more and more every day to power their growing economy, just as opec cut their output, and here at home, refineries are shutting down for maintenance as they prepare to switch to a summer blend. then market speculation and a weaker dollar play a role. >> we have to work, we keep coming to work every day. you have to put gas in your car to come to work. >> reporter: 43 cents in a month. >> that was nbc's tom costello. >>> after a weekend, the president and staffers will be back at work this morning, but with only ten days to prevent the automatic spending cuts, one group will be absent. >> reporter: good morning, congress is away all week on recess, now strategists say they will make calls and try to come up with alternative savings. but voters here at the capitol say that is not good enough. president obama is back at the white house after a weekend golfing in florida. but congress is still away on recess, taking a break announced monday. voters in the capitol are upset that they actually went home. >> i would be hard at work. >> reporter
analysts say the reasons are many, china is demanding more and more every day to power their growing economy, just as opec cut their output, and here at home, refineries are shutting down for maintenance as they prepare to switch to a summer blend. then market speculation and a weaker dollar play a role. >> we have to work, we keep coming to work every day. you have to put gas in your car to come to work. >> reporter: 43 cents in a month. >> that was nbc's tom costello....
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they will hurt our economy. they will add hundreds of thousands of americans to the unemployment roles. this is not an abstraction. people will lose their jobs. >> people standing with the president today are among those who will directly impacted by congress if they refuse to act. >> emergency responders, like the ones who are here today, their ability to help communities respond to and recover from disasters will be degraded. border patrol agents will see their hours reduced. fbi agents will be furloughed. federal prosecutors will have to close cases and let criminals go. air traffic controllers and airport security will see cutbacks, which means more delays at airports across the country. >> and it doesn't stop there. we're talking thousands of teachers who are going to be laid off across america. there will be cuts to primary health care for hundreds of thousands of americans. preventative care, like cancer screenings are also going to be hit and taken off the list. i mean cuts to the military are also going
they will hurt our economy. they will add hundreds of thousands of americans to the unemployment roles. this is not an abstraction. people will lose their jobs. >> people standing with the president today are among those who will directly impacted by congress if they refuse to act. >> emergency responders, like the ones who are here today, their ability to help communities respond to and recover from disasters will be degraded. border patrol agents will see their hours reduced. fbi...
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Feb 21, 2013
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they'll hurt our economy. they'll raise the unemployment rate, and the reason is because congress has not been able to compromise on a deficit reduction package that's more sensible. >> joining me now michelle ber in order, democratic strategyist, patty doyle, and my nbc colleague at the white house, kristen walker. welcome all. kristen, i want to put up the map of, we'll show you everybody where the president spoke yesterday in these local interviews, from boston. there was definitely a pattern here, honolulu, big military town. they clearly believe this p.r. strategy's going to work even because they say it worked the last time, right? >> right. that is the strategy, to put public pressure on congress to get something done, but at this point in time, it doesn't seem like it's working. right, not scheduling meetings, haven't had any read-outs of any meetings, trying to get a sense of if that's going to come. doesn't seem like the president's going to be picking up the phone at this point in time. it does seem
they'll hurt our economy. they'll raise the unemployment rate, and the reason is because congress has not been able to compromise on a deficit reduction package that's more sensible. >> joining me now michelle ber in order, democratic strategyist, patty doyle, and my nbc colleague at the white house, kristen walker. welcome all. kristen, i want to put up the map of, we'll show you everybody where the president spoke yesterday in these local interviews, from boston. there was definitely a...
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i think it's hurting the economy. your thoughts. >> absolutely hurting the economy. what people want in business and family life is some stability. they want the ability to plan. they want to know what are my taxes going to be. they want to know, you know, am i going to have a job. am i going to be laid off. and all they want is some solidity to plan with. when we go through these crises, it's incredibly destructive. >> do you think the right wing people know when they're sitting in their chairs voting no, no, no, bringing one manufactured crisis to bear after another that they're just happy when they pick up the paper and say public confidence going down. that's good for our party. >> we know that grover norquist starving the beast of resources. now they're starving the beast of credibility. they're starving the beast of the federal government with any public confidence that it can actually solve problems. this is part of the destruction of our federal government. they would be delighted if people lost confidence in the government and if they could further tear it d
i think it's hurting the economy. your thoughts. >> absolutely hurting the economy. what people want in business and family life is some stability. they want the ability to plan. they want to know what are my taxes going to be. they want to know, you know, am i going to have a job. am i going to be laid off. and all they want is some solidity to plan with. when we go through these crises, it's incredibly destructive. >> do you think the right wing people know when they're sitting in...
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. >> that's what the economy said, herman. >> those that are wrong economists. >> please be reasonable. >> it makes me ashamed. >> vent your anger but be alone when you do it. ♪ have you heard about the new dance criaze ♪ li . >> it is seven days to austerity, to a potential economic apock lips when $85 billion will be slashed from the federal government and eventually it will affect all of us from the food we eat to the flights we take to the nation's national security. all of it could come apart unless republicans find a way to compromise on sequestration. it's a message the president reiterated this afternoon while meeting with japan's prime minister. >> this should be a no-brainer, and let me just point out that the overall impact to the economy will be to slow down the recovery. >> the comments came after transportation secretary ray lahood visited the white house briefing room this morning and explained in no uncertain terms how these cuts will affect the average american. he detailed not only the delays that travelers within the united states can expect, but also how republi
. >> that's what the economy said, herman. >> those that are wrong economists. >> please be reasonable. >> it makes me ashamed. >> vent your anger but be alone when you do it. ♪ have you heard about the new dance criaze ♪ li . >> it is seven days to austerity, to a potential economic apock lips when $85 billion will be slashed from the federal government and eventually it will affect all of us from the food we eat to the flights we take to the nation's...
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does it really affect the economy? does it affect jobs? we already know a lot of contractors are not hiring or getting rid of people because they're not going to have as much money coming in from contracts they had with the government. if that stuff starts to hit home in the districts, maybe it bubbles up and it puts pressure on these members, but quite frankly, they felt that pressure for several weeks, several months now because people have been talking about sequestration for some time, and they haven't done anything. i'm not optimistic that they'll undo sec restoration. >> thanks very much. >> take care. >> coming up next, more on simpson-bowles and what retirees in florida will have to say about it. debbie wasserman-schultz, and then the big bang theory. michelle obama reveals to rachel ray the real reason behind her stylish new ' do. >> this is my midlife crisis, the bangs. i couldn't get a sports car. they won't let me bungee jump. instead i cut my bangs. with unitedhealthcare, i get personalized information and rewards for addressi
does it really affect the economy? does it affect jobs? we already know a lot of contractors are not hiring or getting rid of people because they're not going to have as much money coming in from contracts they had with the government. if that stuff starts to hit home in the districts, maybe it bubbles up and it puts pressure on these members, but quite frankly, they felt that pressure for several weeks, several months now because people have been talking about sequestration for some time, and...
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it will be horrible for the economy. it will impact a lot of people. just outside my district but certainly affecting my district is fort knox, 5,000 civilian employees of the u.s. army. there will be substantial furloughs and possibly layoffs there if the sequester were in effect for any length of time. so we've got a few days to act. i think we could actually come up with something that just delays the sequester until march 27th. then we would have four weeks in session. we'll all be back for four consecutive weeks to figure out how to fund the government for the rest of the year. because it's -- none of it's going to make any difference after march 27th because the government runs out of money then. >> all right. so you're saying push it off just a little bit further after you get back into a legislative session but as we look at what john boehner has responded by putting out a couple tweets this morning roughly right before we went on the air, talking about where the president has been saying president obama is virtually absent from legislative pro
it will be horrible for the economy. it will impact a lot of people. just outside my district but certainly affecting my district is fort knox, 5,000 civilian employees of the u.s. army. there will be substantial furloughs and possibly layoffs there if the sequester were in effect for any length of time. so we've got a few days to act. i think we could actually come up with something that just delays the sequester until march 27th. then we would have four weeks in session. we'll all be back for...
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they will hurt our economy. they will add hundreds of thousands of americans to the unemployment roles. this is not an abstraction. people will lose their jobs. >> president used today's appearance with a group of first responders to explain what these cuts would mean to the life of an average american family. cuts to airport security. thousands of teachers laid off. hundreds of thousands denied primary and preventative medical care. and if these cuts do go into effect, the president made sure that everyone would know it was republicans fanaticism over taxes that will be to blame. >> and so far at least what they have expressed is a preference where they'd rather have these cuts go into effect than close a single tax loophole for the wealthiest americans. not one. >> and it didn't take long for the gop response. in fact, it didn't take any time at all. senator mitch mcconnell's reaction arrived in my inbox before the president finished speaking. today's event at the white house proves once again that more than t
they will hurt our economy. they will add hundreds of thousands of americans to the unemployment roles. this is not an abstraction. people will lose their jobs. >> president used today's appearance with a group of first responders to explain what these cuts would mean to the life of an average american family. cuts to airport security. thousands of teachers laid off. hundreds of thousands denied primary and preventative medical care. and if these cuts do go into effect, the president made...
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Feb 24, 2013
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today is going to be epic. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. then you're going to love this. right now they're only $14.95! wow-a grt deal just got a whole lot better. hurry. $14.95 won't last. >>> there are always lobbying campaigns to influence the oscars. the ceremony, of course, airing tonight, but "washington post" reports that there is also a negative campaign to block "zero dark thirty" where torture scenes renew the debate about the search for osama bin laden. a renegade cia operative who frees six american hostages from iran back in 1980 sparking a complaint from the ambassador who secretly harbored them and said the movie unfairly minimized his role. what should we expect? ann hornaday from "the washington post." you question whether "zero dark thirty" is being swift voted. debate of torture in that movie, but are you suggesting in this proxy campaign against the movie that other studios might be buying it? >> that would be pure speculation and i think it's events. there was a sponta
today is going to be epic. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. then you're going to love this. right now they're only $14.95! wow-a grt deal just got a whole lot better. hurry. $14.95 won't last. >>> there are always lobbying campaigns to influence the oscars. the ceremony, of course, airing tonight, but "washington post" reports that there is also a negative campaign to block "zero...
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Feb 16, 2013
02/13
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the economy is growing. the president has indicated we have an opportunity for innovation and growth. and i believe that that is our pathway forward. if the speaker does not want to come back to the table of compromise and address how we can both bring down the debt and grow the economy, then all we're going to be facing is a recession. >> sure. >> and that seems to be what their direction is, that they're willing to slash and burn as opposed to finding the right pathway of securing revenue which we have attempted to do and balance and bring down the deficit. and they won't do anything with revenue. nothing at all. >> john garamendi, what is the sense of urgency here? what are you doing on vacation? >> well, we've been told not to be in congress. speaker boehner controls the agenda, controls the calendar for the house of representatives and he sent us home. democrats, i think all of us today voted not to go home, but rather to stay and work next week. and he said no. >> all right. president obama was in chic
the economy is growing. the president has indicated we have an opportunity for innovation and growth. and i believe that that is our pathway forward. if the speaker does not want to come back to the table of compromise and address how we can both bring down the debt and grow the economy, then all we're going to be facing is a recession. >> sure. >> and that seems to be what their direction is, that they're willing to slash and burn as opposed to finding the right pathway of securing...
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Feb 23, 2013
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secondly, our economy needs workers, we are in a global battle for capital and labor. and if we're going to have economic growth, which is the thing we need the most in this country today. if we're going to have economic growth after a deep recession and a very, very flat recovery, we need this labor. we not only need the high skill h-1 b labor in the technology world and science world that you hear so much about. we need agriculture labor, we need low-skill labor. and so if we want to see our economy grow we not only have to be more productive we have to have a larger work force. and our work force is not growing fast enough for us to have the kind of growth that we have you got. hundreds of thousands if not millions of jobs in america that are sitting here empty today, because there is nobody to do the jobs. some of those highly skilled, some of them not. >> governor rendell -- >> that is why this agreement, the agreement is so important, because we're not going to make this work economically for the country without a reasonable and responsible guest worker program.
secondly, our economy needs workers, we are in a global battle for capital and labor. and if we're going to have economic growth, which is the thing we need the most in this country today. if we're going to have economic growth after a deep recession and a very, very flat recovery, we need this labor. we not only need the high skill h-1 b labor in the technology world and science world that you hear so much about. we need agriculture labor, we need low-skill labor. and so if we want to see our...
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Feb 24, 2013
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> everybody hates the sequester, so why can't we get rid of it? neera tanden is back with us and joining us is william black, steve ellis, vice president of taxpayers for common sense and phyllis bennis. taxpayers for common sense has done -- it's like the hot new thing in washington, coming up with sequestration alternatives. there's been some stuff from the center of american progress on that. taxpayers for common sense put out a fairly detailed plan, some of which i think is quite good. even as a liberal ike there's a lot of places of corporate welfare you guys went after. but why even have it? before we get to that, i feel like the terms of the debate have been artificially constructed around the need to cut and t
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> everybody hates the sequester, so why can't we get rid of it? neera tanden is back with us and joining us is william black, steve ellis, vice...
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bargaining table and say how are we going to stabilize our debt so it isn't growing faster than our economy can grow. that means entitlement reform. it means tax reform. everybody knows that. and we've got to get back to it. >> the president said that he's in favor of entitlement reform. he has been specific about dealing with medicare and some aspects of retirement, but has he been specific enough? i'm going to ask you about taxes in a minute, but from the president and the white house's perspective, as he put enough out there on the table to reel in the republicans and get them to negotiate seriously? >> well, i hope so. he's put some things on the table that his own troops didn't like, which is absolutely necessary. he had to do that to show that he was serious. one thing is the reform of the consumer price index, which is really a technical adjustment, but it would mean slightly lower social security benefits and other benefits going forward. now, you could offset that with other changes in the law, but it is the right thing to do. and his own troops were kind of unhappy about that, but
bargaining table and say how are we going to stabilize our debt so it isn't growing faster than our economy can grow. that means entitlement reform. it means tax reform. everybody knows that. and we've got to get back to it. >> the president said that he's in favor of entitlement reform. he has been specific about dealing with medicare and some aspects of retirement, but has he been specific enough? i'm going to ask you about taxes in a minute, but from the president and the white house's...